DataCash today announced the release of version 2.4 of its Internet Payment Gateway.

Building on its reputation as the premier UK based payment gateway, DataCash 2.4 server adds additional functionality to its existing best-of-breed software.

As well as a number of important resileience and performance modifications DataCash 2.4 introduces the vTID.

Virtual Terminals

Banks take 4-8 seconds to process each credit card transaction. Each transaction is processed using a unique Terminal ID assigned by the bank. During processing, the terminal on which the transaction is entered is unable to handle any other transactions.

DataCash 2.4 breaks this barrier: by using virtual terminals we provide the ability to process multiple transactions concurrently. Each virtual terminal controls a pool of Terminal IDs; incoming transactions are assigned to each in turn.

A standard vTID with five TIDs attached can therefore handle up to five transactions every 8 seconds. A vTID with ten TIDs attached can handle more than one transaction per second.

Velocity Checking

DataCash 2.4 also introduces velocity checking on a per terminal basis. This is designed to stop the accidental submission of multiple payments due to clients pressing the "Submit" button on a payment form multiple times. Velocity checking configurable on a per-vTID basis.

Supported Banks

DataCash 2.4 brings full support for American Express and Girobank, complimenting our existing support for all other major UK aquiring banks. DataCash can now offer merchants connectivity to more UK banks than any of our competitors.

About DataCash

DataCash Ltd specialises in providing secure e-commerce payment solutions, products and services. Formed in 1997 it has already established a market leading position in the rapidly developing e-commerce transactions market. Headquartered in London, DataCash has offices in Edinburgh and Jersey (CI). The company has strategic partnership agreements with Sun, Oracle, Microsoft, Netscape and IBM.

For more information please contact:

Gavin Breeze
DataCash Ltd
14 Bowden Street
London
SE11 4DS.

Tel No: +44 (0)171 632 0400
Fax No: +44 (0)171 820 0748
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